MEG Energy is gearing up the regulatory process to build and operate a 120,000 barrel per day operation in Alberta’s Athabasca oil sands region.
Empire Industries Ltd. has sold its KWH Constructors and Somerset Engineering businesses for $1.4 million.
Canada and China expanded co-operation Feb. 8 with agreements to boost bilateral investment and promote energy exports to China as Ottawa seeks to diversify its oil sales.
Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake operation in northeastern Alberta.
One of Canada’s last remaining publicly traded steel companies has been acquired by U.S. steelmaker.
President Barack Obama and the US Congress are back where they were before Christmas, locked in an election-season tussle over a proposed 1,700-mile oil pipeline from Canada to Texas.
A University of Calgary report warns that the Canadian economy will lose out if oil sands crude remains landlocked because new pipeline capacity isn’t built to coastal waters.
Petrobank Energy and Resources Ltd. has set its capital budget expectations at $34 million for 2012.
Cenovus Energy Inc. is ratcheting up spending next year as it pushes forward with the expansion of its Christina Lake oil sands project.
ConocoPhillips has started up a $3.8-billion coker and refinery expansion project in Illinois that is part of a joint venture with Calgary oil company Cenovus Energy.
Production from an upgrader at the Syncrude oilsands mine was disrupted Nov. 22, and the biggest partner in the sprawling project said work is underway to get the processing plant running again.
Those who oppose building the Keystone pipeline to the US Gulf Coast suggest the benefits to the American economy are being oversold. It’s a false claim.
Oil sands operator and refiner Cenovus Energy reports net profits more than doubled to $510 million as output rose and the company booked a big hedging gain.
Aecon Group has been awarded two contracts worth $132 million for fabrication and module assembly work for an un-named oil sands operator in Fort McMurray, Alta.
Canada’s environmental record was dealt a double blow on Oct. 4, with a scathing federal audit and a European Commission decision to blacklist oil sands products.